Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$48,232
Federal tax deduction
- $6,545
Provincial tax deduction
- $2,916
CPP deduction
- $2,550
EI deduction
- $762
Total tax
- $12,772
Net pay
* $35,460
Marginal tax rate
32.0%
Average tax rate
26.5%
73.5%
Net pay
26.5%
Total tax
Total tax
Net pay
The Taxberg
$35,460
Net pay
$3,617
Tax the employer pays
$12,772
Tax you pay
Total tax paid
$16,389
Did you know your employer also pays tax on your salary? It costs the employer $3,617 to pay you $48,232. In other words, every time you spend $10 of your hard-earned money, $3.40 goes to the government.
Real tax rate
31.6%
So, with you and the employer both paying tax, what used to be a 26.5% tax rate now rises to 31.6%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
People also ask
$48,232 yearly is how much per hour?
$24.73 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $48,232 a year living in the region of Ontario, Canada, you will be taxed $12,772. That means that your net pay will be $35,460 per year, or $2,955 per month. Your average tax rate is 26.5% and your marginal tax rate is 32.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $31.97, hence, your net pay will only increase by $68.03.
Bonus Example
A $1,000 bonus will generate an extra $680 of net incomes. A $5,000 bonus will generate an extra $3,402 of net incomes.
Compare average tax
Region
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Tax per income
$48,500
$49,000
$49,500
$50,000
$50,500
$51,000
$51,500
$52,000
$52,500
$53,000
$53,500
$54,000
$54,500
$55,000
$55,500
$56,000
$56,500
$57,000
$57,500
$58,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 36,537
24.2%
1
British Columbia
CAD 35,966
25.4%
2
Northwest Territories
CAD 35,645
26.1%
3
Yukon
CAD 35,583
26.2%
4
Ontario
CAD 35,460
26.5%
5
Quebec
CAD 34,523
28.4%
6
New Brunswick
CAD 33,972
29.6%
7
Newfoundland and Labrador
CAD 33,941
29.6%
8
Alberta
CAD 33,883
29.7%
9
Saskatchewan
CAD 33,617
30.3%
10
Prince Edward Island
CAD 33,323
30.9%
11
Nova Scotia
CAD 33,279
31.0%
12
Manitoba
CAD 33,254
31.1%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 42,399
12.1%
1
Russia
CAD 41,962
13.0%
2
Ireland
CAD 40,587
15.9%
3
United Kingdom
CAD 39,680
17.7%
4
France
CAD 39,547
18.0%
5
Hungary
CAD 39,309
18.5%
6
Ukraine
CAD 38,827
19.5%
7
Norway
CAD 37,694
21.9%
8
Czech Republic
CAD 37,495
22.3%
9
Luxembourg
CAD 37,223
22.8%
10
Spain
CAD 36,782
23.7%
11
Austria
CAD 35,689
26.0%
12
Sweden
CAD 34,134
29.2%
13
Greece
CAD 33,529
30.5%
14
Germany
CAD 32,693
32.2%
15
Denmark
CAD 32,483
32.7%
16
Poland
CAD 32,332
33.0%
17
Italy
CAD 31,604
34.5%
18
Finland
CAD 30,757
36.2%
19
Netherlands
CAD 30,352
37.1%
20
Portugal
CAD 29,557
38.7%
21
Romania
CAD 28,216
41.5%
22
Belgium
CAD 25,289
47.6%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 39,001
19.1%
1
Canada
CAD 35,460
26.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 44,684
7.4%
1
Taiwan
CAD 42,838
11.2%
2
Thailand
CAD 41,319
14.3%
3
Australia
CAD 40,300
16.4%
4
South Korea
CAD 39,690
17.7%
5
New Zealand
CAD 38,887
19.4%
6
Kazakhstan
CAD 38,703
19.8%
7
Indonesia
CAD 37,678
21.9%
8
Singapore
CAD 37,558
22.1%
9
Pakistan
CAD 37,283
22.7%
10
Japan
CAD 36,822
23.7%
11
Malaysia
CAD 36,395
24.5%
12
Philippines
CAD 35,531
26.3%
13
Vietnam
CAD 34,084
29.3%
14
China
CAD 32,196
33.3%
15
India
CAD 30,622
36.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 43,607
9.6%
1
Puerto Rico
CAD 41,759
13.4%
2
Costa Rica
CAD 41,551
13.9%
3
Ecuador
CAD 40,324
16.4%
4
Panama
CAD 38,788
19.6%
5
Chile
CAD 38,623
19.9%
6
Colombia
CAD 38,433
20.3%
7
Peru
CAD 36,561
24.2%
8
Mexico
CAD 36,368
24.6%
9
Brazil
CAD 35,751
25.9%
10
Uruguay
CAD 34,359
28.8%
11
Argentina
CAD 31,341
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 36,624
24.1%
1
Angola
CAD 35,330
26.8%
2
Kenya
CAD 34,468
28.5%
3
Mozambique
CAD 34,431
28.6%
4
Ghana
CAD 33,295
31.0%
5
Nigeria
CAD 32,981
31.6%
6
Ivory Coast
CAD 32,837
31.9%
7
Morocco
CAD 32,376
32.9%
8
Uganda
CAD 31,504
34.7%
9
Cameroon
CAD 31,083
35.6%
10
Senegal
CAD 30,533
36.7%
11
Zambia
CAD 30,069
37.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 45,820
5.0%
1
Qatar
CAD 45,820
5.0%
2
Bahrain
CAD 44,373
8.0%
3
Oman
CAD 44,373
8.0%
4
Saudi Arabia
CAD 43,409
10.0%
5
Kuwait
CAD 42,926
11.0%
6
Israel
CAD 39,501
18.1%
7
Egypt
CAD 36,559
24.2%
8
Lebanon
CAD 36,438
24.5%
9
Turkey
CAD 28,358
41.2%
10
Show more
NOTE* Withholding is calculated based on the Ontario tables of Canada, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.